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Describe how contingency planning can be factored into the overall cost estimation for unexpected challenges.
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- What did you learn about some of the real benefits and limitations of planning by watching this video?Briefly discuss the advantages and disadvantages of planning strategies. Vary the size of the workforce to correspond to predicted changes in demand requirements.Why is scenario planning important in business or in the workplace? How is scenario planning different from strategic planning? Explain it clearly so that I can easily understand. And also give example.
- Make a clear distinction between contingency planning and disaster recovery.Explain the concept of contingency planning and its importance in preparing organizations for unexpected events, such as natural disasters, economic downturns, or technological failures.Read the case study and asnwet the question below: magine that you are a manager responsible for choosing which new project to support. Your budget is limited, and you can support only one new project. You must make a decision by tomorrow morning. Your staff just finished presenting their ideas to you, and you are finding it difficult to choose. Each project has merit, and you feel that they all have an equal chance of success. As the meeting comes to a close, your team members each make a last minute appeal to win your support.Jose: “You are a great leader and have always made great decisions for the team. I’m sure you’ll choose the best one this time, too! “Kira: “You’ve always said we should aim high. I think my idea will help our company reach new markets and raise us to the next level.”John: “I think my idea has the highest chance for a good return on our investment with the least risk. My market research is solid, and I think my idea is the best choice.”Sandy: “I talked to the…
- How would you avoid the typical disconnect between planning and implementation?An important part of planning is a SWOT analysis, understanding an organization’s strengths, weaknesses, opportunities, and threats. Prepare a SWOT analysis for Panera Bread that includes three or four items in each of the four SWOT categories.Please create SWOT Analysis Note: details in the photo attached